Deutsche Entertainment AG Reports Continued Growth In Q3

BERLIN (VIP-NEWS) — Deutsche Entertainment AG (DEAG) increased revenue in the third quarter of 2018 by 65 percent €21.2 million to €34.9 million year-on-year.

Earnings before interest and taxes (EBIT) improved significantly year-on-year from minus €1.2 million to €0.1 million. “For the first time since 2012, DEAG thus achieved a positive EBIT in the traditionally weaker third quarter of the financial year,” the earnings statement reads.

In the first nine months of 2018, DEAG recorded revenue growth of 41 percent to €152.9 million, up from €108.1 million in the previous year. EBIT in the first nine months of 2018 amounted to €8.2 million compared with €1.1 million in the previous year.

DEAG continues along its chosen path of successively reducing minority shareholdings by increasing the shareholding and thus increasing the earnings per share attributable to the shareholders. At the beginning of the fourth quarter, DEAG increased its share in The Classical Company AG to 100 percent.

In the reporting period, DEAG had already taken over minority interests held by third parties in the Classics & Jazz and Ticketing divisions.

“In view of the fact that the calendar of events for 2019 is already filled to capacity, DEAG intends to continue to grow profitably and to profit from high-margin, high-turnover projects in all areas,” the earnings statement continues.

The Arts and Exhibitions, Family-Entertainment and Ticketing business divisions, in particular, offered “above-average and highly profitable growth potential.”

At the end of October 2018 DEAG successfully placed a corporate bond with a volume of €20 million to finance growth. The company`s executive board – CEO Prof. Peter Schwenkow, COO and CDO Christian Diekmann, CFO Detlef Kornett, and CFO Ralf Quellmalz – expects EBIT of at least €10 million for 2018 as a whole with sales revenues of over €200 million.

The full nine-month report for 2018 will be published on the company’s website on Nov. 30 as published in the financial calendar.

Despite all the controversy, a Kentucky radio station plays "Baby, It's Cold Outside" non-stop for hoursover the past weekend. John Legend told The Hollywood Reporter that hosting the Oscars is a "thankless job" but hasn't ruled out the possibility. The inescapable Cardi B markets herself to a new demographic - seniors - teaching them to dance during the latest "Carpool Karaoke." To celebrate Keith Richard's 75th birthday, USA Today has compiled a list of his "quirky quotes" over the years. To celebrate the song's 50th anniversary, Princess Cruises recruited performers like Aloe Blacc, Jack Johnson and Corinne Bailey Rae to perform "Sittin' On The Dock Of The Bay" by Otis Redding. Here it is: the Weezer "Saturday Night Live" skit:

Reigning Miss USA Sarah Rose Summers, who is attending the pageant competition in Thailand, noted on social media (alongside Miss Columbia and Miss Australia) that Miss Vietnam and Miss Cambodia do not speak English and the backlash has already begun. REO Speedwagon is donating proceeds from its upcoming Jan. 12-13 performances at the Kavli Theatre at Thousand Oaks Civic Arts Plaza to those affected by the shooting at Thousand Oak, Calif.'s Borderline Bar & Grill (the show will include musical guests with ties to the area Richard Marx, Five For Fighting’s John Ondrasik, and Eddie Money). Neo-Nazis, likely in town for a rally, beat up an African-American DJ at a Seattle bar and were arrested for a hate crime. Tour buses for 98 Degrees, in town for a show, had to be moved from a Norwalk, Conn., Stop & Shop parking lot and all hell broke loose.

Honestly, this is unacceptable. Whenever 98 Degrees comes to Connecticut they should be treated like the kings they indisputably are. I'm sorry Nick. Please come back soon. https://t.co/BwsKIUSoU6 via @TheHourNews

Our friends Runaway June have released the video for their Christmas contribution "Sleigh Ride."

Despite all the controversy, a Kentucky radio station plays "Baby, It's Cold Outside" non-stop for hoursover the past weekend. John Legend told The Hollywood Reporter that hosting the Oscars is a "thankless job" but hasn't ruled out the possibility. The inescapable Cardi B markets herself to a new demographic - seniors - teaching them to dance during the latest "Carpool Karaoke." To celebrate Keith Richard's 75th birthday, USA Today has compiled a list of his "quirky quotes" over the years. To celebrate the song's 50th anniversary, Princess Cruises recruited performers like Aloe Blacc, Jack Johnson and Corinne Bailey Rae to perform "Sittin' On The Dock Of The Bay" by Otis Redding. Here it is: the Weezer "Saturday Night Live" skit:

Reigning Miss USA Sarah Rose Summers, who is attending the pageant competition in Thailand, noted on social media (alongside Miss Columbia and Miss Australia) that Miss Vietnam and Miss Cambodia do not speak English and the backlash has already begun. REO Speedwagon is donating proceeds from its upcoming Jan. 12-13 performances at the Kavli Theatre at Thousand Oaks Civic Arts Plaza to those affected by the shooting at Thousand Oak, Calif.'s Borderline Bar & Grill (the show will include musical guests with ties to the area Richard Marx, Five For Fighting’s John Ondrasik, and Eddie Money). Neo-Nazis, likely in town for a rally, beat up an African-American DJ at a Seattle bar and were arrested for a hate crime. Tour buses for 98 Degrees, in town for a show, had to be moved from a Norwalk, Conn., Stop & Shop parking lot and all hell broke loose.

Honestly, this is unacceptable. Whenever 98 Degrees comes to Connecticut they should be treated like the kings they indisputably are. I'm sorry Nick. Please come back soon. https://t.co/BwsKIUSoU6 via @TheHourNews

CelebrityAccess provides unparalleled, detailed information on over 50,000 Entertainers, Speakers, Celebrities, and their representatives, as well as, hundreds of thousands of records for venues, agents and managers, including their direct phone numbers and email addresses. Members can also instantly access FREE Box Office Scores, dates of live bands on tour, artist avails and news archives.